Amazon.com, Inc. (NASDAQ:AMZN) is Rockefeller Capital Management L.P.’s 4th Largest Position

Rockefeller Capital Management L.P. lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,675,978 shares of the e-commerce giant’s stock after selling 38,341 shares during the quarter. Amazon.com accounts for 2.3% of Rockefeller Capital Management L.P.’s portfolio, making the stock its 4th largest position. Rockefeller Capital Management L.P.’s holdings in Amazon.com were worth $871,191,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Centric Wealth Management increased its stake in shares of Amazon.com by 3.2% in the third quarter. Centric Wealth Management now owns 23,201 shares of the e-commerce giant’s stock worth $4,323,000 after acquiring an additional 716 shares during the period. CWS Financial Advisors LLC grew its position in Amazon.com by 4.0% during the 3rd quarter. CWS Financial Advisors LLC now owns 7,155 shares of the e-commerce giant’s stock worth $1,333,000 after purchasing an additional 275 shares during the period. Providence Wealth Advisors LLC raised its stake in shares of Amazon.com by 2.3% during the 3rd quarter. Providence Wealth Advisors LLC now owns 16,278 shares of the e-commerce giant’s stock valued at $3,051,000 after buying an additional 369 shares during the last quarter. Carl P. Sherr & Co. LLC lifted its holdings in shares of Amazon.com by 40.6% in the 3rd quarter. Carl P. Sherr & Co. LLC now owns 11,633 shares of the e-commerce giant’s stock valued at $2,168,000 after buying an additional 3,359 shares during the period. Finally, Stockbridge Partners LLC boosted its stake in shares of Amazon.com by 30.5% in the third quarter. Stockbridge Partners LLC now owns 3,362,417 shares of the e-commerce giant’s stock worth $626,519,000 after buying an additional 786,131 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the sale, the chief executive officer now owns 518,911 shares in the company, valued at $106,797,072.91. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 over the last 90 days. 10.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMZN. Sanford C. Bernstein boosted their price target on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Morgan Stanley raised their price target on shares of Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Mizuho upped their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Roth Mkm raised their target price on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. upped their price target on Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average price target of $243.67.

Amazon.com Trading Up 0.0 %

AMZN opened at $222.13 on Thursday. The business’s 50 day moving average price is $215.07 and its 200 day moving average price is $194.92. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a market capitalization of $2.34 trillion, a PE ratio of 47.57, a P/E/G ratio of 1.54 and a beta of 1.14. Amazon.com, Inc. has a one year low of $148.21 and a one year high of $233.00.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 EPS. As a group, equities research analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.